Former U.S. House Speaker Nancy Pelosi famously said of Obamacare, "we have to pass the bill so that you can find out what is in it." Maybe the same idea applies to President Obama: The American people have to elect him twice to find out how awful his policies are.

A new Washington Post-ABC News poll shows the President's approval ratings falling "as Americans take a dimmer view of his economic policies," The Post wrote. In December Obama had an 18-point advantage over Republicans on the question of whom Americans trusted more to handle the economy. Now it's a four-point gap: 44 percent to 40 percent. Having run through George W. Bush, "Wall Street" and Mitt Romney, Obama is running out of scapegoats.

It is becoming increasingly clear that this President has no interest in actually governing. Nor has he any interest in doing things he campaigned on and was elected to do, such as halve the federal debt and eliminate unnecessary and wasteful spending.

He said on Tuesday, "My goal is not to chase a balanced budget just for the sake of balance." It sure isn't. His goal is to build a legacy to himself in the form of an entitlement state larger than FDR or LBJ ever imagined. Enjoy.